Comparison –  Motilal Oswal Vs Zerodha

Motilal Oswal Zerodha
Year of Incorporation 1987 2010
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) NSDL/CDSL CDSL
Brokerages
Equity 0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.015/0.15% if brokerage paid upfront 0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday)
Equity Futures 0.05% – Reduces upto 0.015% if brokerage paid upfront Rs 20/executed order or 0.01% whichever is lower
Equity Options Rs 70/lot – Reduces upto Rs 30/lot if brokerage paid upfront Rs 20/executed order or 0.01% whichever is lower
Currency Futures 0.05% – Reduces upto 0.015% if brokerage paid upfront Rs 20/executed order or 0.01% whichever is lower
Currency Options Rs 20/lot Rs 20/executed order or 0.01% whichever is lower
Commodity 0.05% – Reduces upto 0.015% if brokerage paid upfront Rs 20/executed order or 0.01% whichever is lower
Account opening charges
Trading and Demat NA Rs 300 if couriered & Rs 200 if you print the form
Only Trading Free, but with Margin Cheque Rs 200 if couriered & Rs 100 if you print the form
Commodity Free, but with Margin Cheque Rs 300 if couriered & Rs 200 if you print the form
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 3 Months – Pay Extra for Falcon 365 days on Zerodha Pi
Margins & Leverage Provided
Equity Upto 10 Times for Intraday, & For Delivery Upto 3 times @24%/Annum Upto 20 times intraday, 0 for Delivery
Equity Futures Upto 2 Times Intraday Upto 7 times intraday leverage
Equity Options NA Buying no leverage, Shorting upto 7 times leverage intrdaday
Currency Futures Upto 2 times Intraday 2 times intraday leverage
Currency Options NA Buying no leverage, Shorting upto 2 times intraday leverage
Commodity Upto 2 times Intraday 2.5 times intraday leverage
Serviceable
3 in 1 Account No NO
Instant Fund withdrawal No No
Instant Fund Transfer YES YES
Relationship Managers YES No